Consumer Bankruptcy Law

Bankruptcy is not as hard some people make it out to be, it really depends on how complex your case is. If you don't own any real valuable property outright, then you can probably just file online.

The means test is a complicated formula to determine whether you qualify to file for Chapter 7 bankruptcy. If you fail the means test, you have to file for Chapter 13 bankruptcy instead. If your...

By far, most bankruptcies are filed under Chapter 7. This type of bankruptcy allows you to have many kinds of debts permanently forgiven if they can't be paid from the value of your assets. The...

Bankruptcy Means Test are easy to complete online and are now required before you can determine what type of bankruptcy you can file. I will show you the steps you need to take to complete the...

Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) in 2005. The law makes it much harder for consumers to enter Chapter 7 liquidation and imposes other...

Chapter 7 bankruptcy is the most extreme version of bankruptcy, and it is available to individual consumers, partnerships and corporations. Chapter 7 bankruptcy is referred to as "liquidation...

Chapter 7 bankruptcy is a specific form of bankruptcy that is referred to as liquidation bankruptcy. Basically, it is a fresh financial start.

Chapter 7 bankruptcy is known as liquidation. It forces the debtor to sell all his nonexempt assets to pay his outstanding debts. Chapter 7 is beneficial for those with few assets, because most...

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 created new requirements for Chapter 7. Because the discharge of large amounts of debt is allowed under Chapter 7, lenders and...

Recent changes to U.S. bankruptcy laws include the addition of a requirement that each debtor must complete a means test before filing for bankruptcy. The means test determines whether a person...

Recent changes to U.S. bankruptcy laws include the addition of a requirement that each debtor must complete a means test before filing for bankruptcy. The means test determines whether a person...